FHA streamline refinance with bad credit

I can help you but you must have at least a 620 Middle score. At the very least I can help you get your score back up to where it should be. And no, whether you have a 620 or a 720 there really isn't a difference in the rate. Call me if you would like some guidance Cody Bellah 816-256-0013

Hi there,It all depends in how much your credit score has suffered. While FHA itself will still insure loans with a FICO score of 580+, most banks/investors have requirements slightly higher(in most cases 620+). That being said if you credit scores still fall into a qualifying range, then you should proceed. Unlike Conventional lending products, credit scores are not penalized as heavily in terms of rate. I hope this helps, if not or you have more specifics feel free to shoot me an email of message and I will be happy to help.Good Luck!-Chris LockardNMLS: 236366christopherlockard@leader1.com

There are lenders out there that will lend and do streamline transactions with credit scores down to 500... if your score is above 600 then there will be little difference in the finance rate.. if your score is below 600, then the rate difference could be as much as 1%... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It will depend on what type of things are negatively impacting your credit. I would contact your local mortgage bank and ask them to review your situation. They will advise you on the best course of action. Best of Luck!

The answer will vary depending on how baddly your credit has been impacted. Most lenders these days will need you to have a mid score over 620 to get the file done and some will want it to be higher to get the "prime" rate.

it will also depend also if you have any student loans that are behind... your fha loan will not work ... first, what is your rate now?? and when did you purchase ? there are a lot of factors that go into a decision, and especially with FHA.. sometimes it depends on when you bought, or refied, it may not work you you,.. if you want ,you can privately email me to yourloanpartnerforlife@live.com i have 25 yrs experience in this industry... linda